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Rising interest rates and their effect on mortgages with Robert McLister and Rob Carrick

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Uploaded by on Sep 24, 2009

Robert McLister, editor of the Canadian mortgage trends blog and a mortgage planner, with Rob Carrick from the Globe and Mail discuss rising interest rates and their effect on mortgages.

* Is a variable rate or locked-in mortgage rate better when interest rates are rising?
* What should you do if you are uncomfortable with the risks of a variable rate mortgage?
* Historically, how good is a 5 year mortgage rate at 4.3%-4.5%?
* With rates already starting to move up, is it too late to renegotiate a mortgage that you have at a higher rate?
* What is an interest rate differential (IRD)?

http://www.getsmarteraboutmoney.ca/managing-your-money/investing/real-estate/...

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